XPost: alt.california, alt.fan.rush-limbaugh, alt.society.liberalism   
   XPost: talk.politics.guns   
   From: unqualified.black.cunt@splcenter.org   
      
   On 13 Sep 2021, jthomq@gmail.com posted some   
   news:shorc7$4vq$22@news.dns-netz.com:   
      
   > Jonathan wrote   
   >   
   >> Newsom is an incompetent cocksmoker.   
      
   For a man who likes to play an unctuous super genius in commercials when   
   he’s pinging on more accomplished governors for unsophisticated, lo-   
   information audiences (no doubt on the state’s dime)…   
      
      
   …as California’s GOVERNOR, Gavin Newsom in the flesh is a walking disaster   
   zone.   
      
      
   The population outflow from the state remains unabated.   
      
   California’s population continued to shrink over the last year, according   
   to a state report released Monday.   
      
   The total population dropped to an estimated 38.9 million at the start of   
   2023, down from 39.1 million at the start of 2022, a 0.3% decline.   
      
   And it’s not just people walking with fewer moving in. It’s money rolling   
   out the door with them. In San Francisco alone, the tax base loss has been   
   staggering.   
      
   As San Francisco residents left the city in the early years of the   
   pandemic, they took billions of dollars in income with them.   
      
   About 32,000 more people left San Francisco than migrated to the city from   
   2020 to 2021, according to newly released tax return data from the IRS.   
   That’s slightly less than the 39,000 more who left than came to the city   
   from 2019 to 2020.   
      
   Those who left accounted for a hefty sum of income; the income of   
   departing residents in 2020 was almost $8 billion more than the total   
   reported by arrivals. Combined with the net $6.9 billion in loss in   
   reported wages for those who left San Francisco the prior year, people who   
   exited the city in 2020 and 2021 made about $15 billion more than those   
   who arrived.   
      
      
   That doesn’t seem to bother Gov. Hair Gel Shiny Toothed False Prophet. As   
   I wrote this past January, the man brushed off labels of “profligate   
   spender” even as he turned a $98B surplus into a $22.5B deficit in a   
   year’s time.   
      
   I mean, that’s practically magic, and I can spend money with the best of   
   them.   
      
   And Newsom really is special, because his state was the only one having   
   the kind of trouble he was having – year-over-year tax revenue declines.   
      
   …California’s projected deficit comes as many other states are enjoying   
   large surpluses, in large part due to a deluge of federal funds over the   
   past three years to fight the coronavirus pandemic. On Monday, Texas   
   announced a record $188.2 billion in general fund revenue and projected it   
   would have a $32.7 billion surplus over the two-year period ending in   
   August 2023. In West Virginia, Gov. Jim Justice is proposing tax cuts to   
   spend some of the $1.3 billion surplus there.   
      
   An October analysis of the 15 largest states by Fitch Ratings showed   
   California was the only state experiencing year-over-year tax revenue   
   declines. While the state’s employment has rebounded over the past 14   
   months, personal income tax withholding is down, in part because salary   
   bonuses and initial public offerings have declined, according to the LAO,   
   which forecast the deficit in November.   
      
   That report was also from this January and a lot has happened since then.   
   Tons of lay-offs in that pricey Silicon Vally corridor, San Francisco   
   continues to implode on itself, the population outflow hasn’t subsided,   
   and businesses across California are shuttering for good or packing up   
   their things and moving to other states.   
      
   What’s a man with presidential aspirations to do when it’s melting down   
   all around him, and he needs businesses thriving and making payrolls to   
   get his tax base revitalized?   
      
   Well, the man has a budget to massage first, and there’s a little matter   
   of massive federal unemployment insurance loans the state borrowed from   
   Uncle Sam to cover the shortfalls during COVID when their very generous   
   well quickly ran dry. 22 states eventually took part in the program, but   
   by last November all but four of them had cleared their debts, with CA   
   being the largest *gulp* outstanding loan balance by a country mile.   
      
      
   Screencap CRS Unemployment Trust Fund pdf   
   In the 2023-2024 proposed CA state budget, there had been a $750M set   
   aside to start repaying the feds (just “start” – clock’s ticking, interest   
   climbing) part of the rather hefty balance CA was on the hook for…   
      
      
   Screencap CRS Unemployment Trust Fund pdf   
      
   [continued in next message]   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)